Managing the turnaround

Without a leader and aligned leadership team who can mobilise the organisation around a compelling turnaround ambition, and force the turnaround strategy, the turnaround is unlikely to get of the ground and be properly implemented.

Advocacy to retain or regain stakeholder support is crucial. Lack of proper communication to and consultation with internal and external stakeholders may lead to support being withdrawn no matter how good the turnaround strategy is.

Numerous technically feasible turnaround strategies have failed due to one or more stakeholders not supporting or having faith in the turnaround.